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Category: Legal

Home » Must Knows » Legal » Page 51

Home Loans
By Balwant JainFebruary 8, 2017

Don’t bank on pre-approved home loans alone, for due diligence!

For housing loan approvals, banks carry out certain due diligence, before sanctioning the same. This process consists of two distinct parts. In the first part, the bank/ housing finance company, will conduct a scrutiny … READ FULL STORY

Legal
By Ashwinder Raj SinghJanuary 20, 2017

E-Registration: A major step towards transparency

The most frequent disagreement in Indian real estate is land dispute. Cases range from of illicit land grabbing and illegal land sales, to instances of purchase of land where no actual purchase has taken … READ FULL STORY

Rent
By Amit SethiMarch 29, 2017

Draft Model Tenancy Act, 2015: Beneficial to landlords and tenants

The Indian rental market has been demanding a new law to counter the Rent Control Act, 1948, for a long time. Recently, the government has shown interest in passing the Draft Model Tenancy Act, … READ FULL STORY

Taxation
By Balwant JainOctober 12, 2016

Finance Act 2016: Helping home buyers, through tax sops for builders

Benefits to promoters/builders, for construction of affordable houses Under the newly-enacted Section 80IBA, 100% of the profits derived by the builder/promoter from a residential housing project, are allowed as deduction to every tax payer … READ FULL STORY

Legal
By Amit SethiSeptember 22, 2016

What builders mean by pre-launch and soft-launch offers

Property developers often use jargon that the buyers find hard to comprehend. In this feature, we will focus on the two most common terms used in the realty market: ‘Pre-launch’ and ‘Soft-launch’. Aman Nagar, … READ FULL STORY

Legal
By Darshan FuriaJuly 20, 2016

Delhi HC’s ruling on no service tax: How it affects home buyers

In a recent judgment, the Delhi High Court has held that service tax cannot be levied on the purchase of under-construction flats. Presently, service tax of 15% is levied on 25% of the consideration … READ FULL STORY

Must Knows
By Ravi SinhaApril 26, 2019

Learn to look beyond exaggerated brochure claims

Faced with budget constraints to pay additional PLC (preferential location charges), Gaurav Chaudhary, a home buyer from Noida Extension, asked the developer to show him an apartment that does not have a location-view advantage. … READ FULL STORY

Must Knows
By Ravi SinhaJuly 8, 2023

Super built-up area: Loaded in favour of developers?

In a consumer case filed with the district consumer forum of Noida, an aggrieved home buyer has demanded a refund of the amount collected towards additional loading over the carpet area paid to the … READ FULL STORY

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These articles, the information therein and their other contents are for information purposes only. All views and/or recommendations are those of the concerned author personally and made purely for information purposes. Nothing contained in the articles should be construed as business, legal, tax, accounting, investment or other advice or as an advertisement or promotion of any project or developer or locality. Housing.com does not offer any such advice. No warranties, guarantees, promises and/or representations of any kind, express or implied, are given as to (a) the nature, standard, quality, reliability, accuracy or otherwise of the information and views provided in (and other contents of) the articles or (b) the suitability, applicability or otherwise of such information, views, or other contents for any person’s circumstances.

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